Common use of Consequences of termination or expiry Clause in Contracts

Consequences of termination or expiry. 8.3.1 The Licensee agrees that termination or expiry of this Agreement for any reason shall not absolve the Licensee’s obligations to pay Patents costs subject to Clause 6.1 of this Agreement where such costs are in respect of a period prior to the date of termination. 8.3.2 Upon termination or expiry of this Agreement for any reason: 8.3.2.1 otherwise than in accordance with Clause 8.1, the Licensee and its sub-licensees shall be entitled to sell, use or otherwise dispose of (subject to payment of royalties under Clause 4) any unsold or unused stocks of the Licensed Products for a period of 6 months following the date of termination; 8.3.2.2 the Licensee shall no longer be licensed to use or otherwise exploit in any way, either directly or indirectly, the Patents, in so far and for as long as any of the Patents remain in force; 8.3.2.3 the Licensee shall consent to the cancellation of any formal license granted to it, or of any registration of it in any register, in relation to any of the Patents; and 8.3.3 Subject as provided in these Clauses 8.3.1 and 8.3.2, and except in respect of any accrued rights, neither party shall be under any further obligation to the other. 8.3.4 Upon termination or expiry of this Agreement for any reason the provisions of clauses 2.4, 3.1 to 3.3, 4 (in respect of sales made or other income generated prior to termination or under clause 8.3.2.1), 6, 7.3, 7.4, 8, 10.8, 10.9 and 10.13 shall remain in force.

Appears in 3 contracts

Samples: Repayable Advance Agreement (Volitionrx LTD), Deed of Novation (Volitionrx LTD), Licensing Agreement (Volitionrx LTD)

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Consequences of termination or expiry. 8.3.1 The Licensee agrees that termination or expiry of this Agreement for any reason shall not absolve the Licensee’s obligations to pay Patents costs subject to Clause 6.1 of this Agreement where such costs are in respect of a period prior to the date of termination. 8.3.2 Upon termination or expiry of this Agreement for any reason: 8.3.2.1 otherwise than in accordance with Clause 8.1, the Licensee and its sub-licensees shall be entitled to sell, use or otherwise dispose of (subject to payment of royalties under Clause 43) any unsold or unused stocks of the Licensed Products for a period of 6 months following the date of termination; 8.3.2.2 the Licensee shall no longer be licensed to use or otherwise exploit in any way, either directly or indirectly, the Patents, in so far and for as long as any of the Patents remain in force; 8.3.2.3 the Licensee shall consent to the cancellation of any formal license granted to it, or of any registration of it in any register, in relation to any of the Patents; and 8.3.3 Subject as provided in these Clauses 8.3.1 and 8.3.2, and except in respect of any accrued rights, neither party shall be under any further obligation to the other. 8.3.4 Upon termination or expiry of this Agreement for any reason the provisions of clauses 2.41.4, 3.1 to 3.33.4, 4 (in respect of sales made or other income generated prior to termination or under clause clauses 8.3.2.1), 6, 7.2, 7.3, 7.4, 8, 10.8, 10.9 and 10.13 shall remain in force.

Appears in 1 contract

Samples: Patent Licence Agreement (Volitionrx LTD)

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Consequences of termination or expiry. 8.3.1 The Licensee agrees that termination or expiry of this Agreement for any reason shall not absolve the Licensee’s obligations to pay Patents costs subject to Clause 6.1 of this Agreement where such costs are in respect of a period prior to the date of termination. 8.3.2 Upon termination or expiry of this Agreement for any reason: 8.3.2.1 otherwise than in accordance with Clause 8.1, the Licensee and its sub-licensees shall be entitled to sell, use or otherwise dispose of (subject to payment of royalties under Clause 43) any unsold or unused stocks of the Licensed Products for a period of 6 months following the date of termination; 8.3.2.2 the Licensee shall no longer be licensed to use or otherwise exploit in any way, either directly or indirectly, the Patents, in so far and for as long as any of the Patents remain in force; 8.3.2.3 the Licensee shall consent to the cancellation of any formal license granted to it, or of any registration of it in any register, in relation to any of the Patents; and 8.3.3 Subject subject as provided in these Clauses 8.3.1 and 8.3.2, and except in respect of any accrued rights, neither party shall be under any further obligation to the other. 8.3.4 Upon termination or expiry of this Agreement for any reason the provisions of clauses 2.41.4, 3.1 2.1 to 3.32.3, 4 3 (in respect of sales made or other income generated prior to termination or under clause 8.3.2.1)clauses 8.3.2.1),4, 6, 7.3, 7.4, 8, 10.8, 10.9 and 10.13 shall remain in force.

Appears in 1 contract

Samples: Patent Licence Agreement (Volitionrx LTD)

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